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Thom's blog
The impending "Carbon Bubble" in the stock market
As if the economic risks of austerity, derivatives trading, and an under-regulated banking industry weren't enough... A new report from Stern and the think-tank Carbon Tracker warns of an over-inflated “carbon bubble” in the stock market. The Guardian explains that the fossil fuel investment bubble is a result of oil, coal, and gas reserves being over-valued by the market, and the impending value correction poses a huge risk to the global financial system.
According to the report, to keep global temperatures from rising more than 2 degrees Celsius, about 60% of the world's fossil fuel reserves must remain unburned. As total reserves are listed as assets in the world markets, the fact that more than half of the financial gain will never be realized means that 60% of those reserves are worthless. And, allowing these fuels to be burned just for the economic gains is simply out of the question.
So, financial analysts and brokers must account for climate change policy now, and begin slowly adjusting the value of fuel reserves. If they act smart, they just may be able to save the plant, and prevent an economic collapse. Let's hope they do.
-Thom
(What do you think? Tell us here.) |
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Tonight on The Big Picture on RT TV at 7pm and 9pm... Bigger Picture - National Security Panel (check your local listings for stations or stream at RT, and catch past shows on Youtube)
Have a question or comment for Thom? Grab your phone, hit record and send your video to YourTakeMyTake@gmail.com and we may air it on "The Big Picture."
Bigger Picture - National Security Panel:- Michael Breen, Truman National Security Project & Center for National Policy  - Shahid Buttar, Bill of Rights Defense Committee - Corey Saylor, Council on American-Islamic Relations (CAIR)
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Thursday's Daily Stack 
Hour One: Senate failed 90% of Americans...now what?- Noel Flasterstein, Attorney & host-The Gun Show.
U.S. Senate FAILS 90% of Americans on gun control / Plus, prosperity NOT austerity!- Tim Carpenter, Progressive Democrats of America
Hour Two: Tucson shooting survivor speaks out- Patricia Maisch, Tucson mass shooting survivor, Demand Action
Senate failed her...- Nardyne Jeffries, daughter murdered in DC drive by mass shooting,
Hour Three: GOP Rep - "Pat Exxon on the back for Arkansas oil spill"...REALLY?!
Quote: "The modern conservative is engaged in one of man's oldest exercises in moral philosophy; that is, the search for a superior moral justification for selfishness." -- John Kenneth Galbraith.
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Friday on The Thom Hartmann Program, 3-6pm ET
Hour One: If it's Friday, it's "Brunch With Bernie"... the honorable Senator Bernie Sanders (I-VT) joins Thom with all the news from our nation's capitol and as always he'll be spending the hour taking your calls and answering your questions too... Follow Bernie:    campaign site.
Anything Goes on Townhall Friday!
Hour Two: latest from Boston...
- Dan McDuffie, Resident-Somerville, MA (5 miles from Watertown) / former news reporter.
Hour Three: Latest from Boston...- Barry Nolan, Former Newscaster-WBZ TV (Boston) / Professor of Journalism-Boston University
And, the best of the rest of the news and your calls right here on...
The Thom Hartmann Program...your media support group for "we the people"...
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Monday on The Thom Hartmann Program, 3-6pm ET
We'll have all the news & information from the weekend including the latest developments in the ongoing investigation in Boston...
Plus, I'll have a conversation about tougher gun control and saving our social safety net with Author/Activist Van Jones, Founder of Rebuild the Dream...
And, the best of the rest of the news along with your calls right here on...
The Thom Hartmann Program, Occupying The Media 3 hours a day 5 days a week" for "we the people"...Democracy is NOT a spectator sport...it begins with you...
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Thom's Poll
Will the Texas plant explosion help get stricter regulations passed?
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Watch & Listen to Thom
Geeky Science - What exercise Does to your Brain
Wow! GOP Pats Exxon on the Back for Arkansas Oil Spill
The Good the Bad & the Very Very Concionatively Ugly - Nuns, the Illuminati & Anti-Semetic
$3.6 Billion Settlement Begins with Bouncing Checks
Crazy Alert - Elephant Dung Beer is hot!
Your Take/My Take - Urban Sprawl - what about it?
Shadow Warrior - the CIA & Drones
"Shame on You!" Congress
Or watch the Full "Big Picture" Show...
Full Show 4/18/13: When Will Our 'Representatives' Represent Us?
Thom talks with a shooting victim survivor and a mother of a shooting victim about Congress' failure to pass a bill 90% of Americans support. Also discussed: the CIA's expansion of power over the past decade, how the big banks are continuing to screw over homeowners and how exercising may help your brain. Thom takes viewer phone calls in "Your Take, My Take Live, and in tonight's "Daily Take" Thom discusses what ExxonMobil is doing to prevent us from seeing the devastation the Arkansas Tar Sands Oil Spill is having on the environment.
Thom Hartmann on the News: April 18, 2013
Shame on You, Senators!
Prosperity NOT austerity!
Thom Hartmann vs. Noel Flasterstein: Gun Background Checks
Thom Calls Out Senators Opposed to Gun Checks!
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 Would you like to help give a child with a very troubled background this feeling of peace? Thom and Louise Hartmann founded the New England Salem Children's Village (NESCV) in New Hampshire in 1979. With states delaying payment for the children they entrust to the village, they need help with cash flow. Can you help? Now on Facebook. |
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Show Info
Call Thom on the show at 1-866-987-THOM (8466) (0870 974 9686 from the UK, +1 503 796 2324 from outside the US or UK).
Sign up for Thom's podcasts.
Come on over to the free chat room, where Thom hangs out during the show.
Join in the discussions on Thom's free message board.
Blog or upload videos or audios at Thom's community.
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